Sen. Don Harmon
Filed: 5/3/2007
 
 

 




 

 		












09500HB1256sam001

LRB095 05329 DRJ 35691 a






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AMENDMENT TO HOUSE BILL 1256




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    AMENDMENT NO. ______. Amend House Bill 1256 on page 7, by 
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replacing lines 8 through 16 with the following:
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    "11, the Department shall, subject to federal approval:
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            (a) set the income eligibility standard at not 
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        lower than 350% of the federal poverty level;
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            (b) exempt retirement accounts that the person 
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        cannot access without penalty before the age
        of 59 1/2, 
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        and medical savings accounts established pursuant to 
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        26 U.S.C. 220;
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            (c) allow non-exempt assets up to $25,000 as to 
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        those assets accumulated during periods of eligibility 
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        under this paragraph 11; and
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            (d) continue to apply subparagraphs (b) and (c) in 
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        determining the eligibility of the person under this 
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        Article even if the person loses eligibility under this 
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        paragraph 11.".